Stripping a mortgage from the title to your home could save you a tremendous amount of money.
Bankruptcy helps with your property taxes either by writing off your other debts or by buying you more time to catch up.
An underappreciated benefit of filing bankruptcy is that you can usually remove judgment liens from your home’s title.
If you are leaving your mortgage(s) behind, what are the advantages and disadvantages of doing so within the two main bankruptcy options?
How do these two consumer options help with your home mortgage(s)?
After covering Chapter 7 last time, now how does Chapter 13 help you keep (or surrender) collateral on a debt?
How does bankruptcy treat something you bought–furniture, an appliance, or some electronics–when that thing is collateral on a debt?
The second scenario, the Chapter 13 solution for keeping a vehicle if you’re behind on payments.
Two similar scenarios, two very different solutions for keeping a vehicle if you’re behind on payments.
Most of the time everything you own is exempt, meaning it’s protected in a Chapter 7 bankruptcy. If not, Chapter 13 can usually protect it.
Some of the assets you may want to protect in a bankruptcy case are those that are security for debts.
Sometimes it’s obvious which of the two consumer bankruptcy solutions is right for you. But not always. You might be surprised.
Falling behind on property taxes can have serious consequences, but does not necessarily mean you should hurry to sell your home.
If you owe a bunch of income taxes, and have a tax lien on your home, it’s tempting to try to fix everything by selling your home.
Could you afford your home if you didn’t have to pay your other creditors or didnât have to pay second mortgage payments?